edwin
2023-04-29 22:32這題能解釋一下嗎
所屬:FRM Part II > Current Issues in Financial Markets 視頻位置 相關試題
來源: 視頻位置 相關試題
1個回答
姚奕助教
2023-05-10 11:34
該回答已被題主采納
此題其實就是簡單地考今年新增的熱點文章“inflation:A look under the hood”。文章的主要觀點是:
高通脹和低通脹時期非常不同,尤其是在其自我穩(wěn)定的特性以及企業(yè)和工人如何應對相對價格變化方面。
保持低通脹環(huán)境至關重要,需要確保相對價格變化不會轉(zhuǎn)化為根深蒂固的通脹。從低通脹體制向高通脹體制的轉(zhuǎn)變尤其具有挑戰(zhàn)性,因為它們往往是自我強化的。
貨幣政策通過其運作框架的特點以及政策立場的靈活和及時調(diào)整,在確保低通脹制度的持久性方面發(fā)揮著至關重要的作用。
具體到低通脹和高通脹的性質(zhì)區(qū)別上:
Low-inflation regimes:
Tend to have low correlations between price changes. They tend to be self-equilibrating (self-stabilizing), where relative price changes do not typically last long or impact aggregate inflation significantly.
Price spillovers also decline, and the persistence of aggregate inflation also tends to decline in low-inflation regimes.
High-inflation regimes:
Not self-equilibrating, and they are impacted by large relative price changes and by currency depreciations.
Experience more spillover of price changes across sectors.
記住上述這幾個具體的差異結(jié)論,就是這篇文章的主要知識點。
